Within three years from the date an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer was filed in the office of the clerk of the court by which such order was made, the commissioner may make a report to the court setting forth

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Washington Code 48.31.320

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(1) the reasonable value of the assets of the insurer;
(2) the insurer’s probable liabilities; and
(3) the probable necessary assessment, if any, to pay all claims and expenses in full, including expenses of administration.
[1947 c 79 § .31.32; Rem. Supp. 1947 § 45.31.32.]